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Iron Ore News

Aim Resources finds 'significant mineralisation' at Zambia JV project

By: Nelendhre Moodley     22nd May 2007 ASX-listed Aim Resources on Tuesday announced that drilling results from the Mumbwa iron-oxide-copper-gold (IOCG) property in Zambia, which it owns in joint venture with BHP Billiton, had indicated the presence of significant mineralisation within the target area. 

Assmang approves R4bn for Khumani, inks deal with Transnet for 10mt/y exports

By: Nelendhre Moodley     17th May 2007 Iron-ore producer Assmang on Thursday announced that it had approved a capital expenditure of R4-billion for its Khumani iron-ore mine, after it reached principal agreement on a 20-year contract with State-owned Transnet for the export of 10-million tons a year of iron-ore from its Khumani mine,... 

Anglo American concludes Brazil iron-ore acquisition

By: Mariaan Webb     15th May 2007 Diversified miner Anglo American has signed the contract to acquire a 49% stake of MMX Mineracaoe Metalicos SA's (MMX's) Minas-Rio iron-ore project, in Brazil, the company said on Tuesday. 

Arbitrators not appointed yet in KIO-Mittal dispute

By: Matthew Hill     11th May 2007 JSE-listed steel giant Mittal Steel South Africa and the world's fourth biggest supplier of seaborne iron ore, Kumba Iron Ore (KIO), had not yet appointed arbitrators in their dispute involving the Sishen South iron ore project, the steel maker said on Friday. 

Capesize ship rates rise to record on China’s iron-ore demand

By: Bloomberg     4th May 2007 The cost of hiring Capesize bulkers, the largest type of ship that carries iron ore and coal, rose to a record on China’s demand for raw materials. 

Arbitration may delay Sishen expansion - Kumba

By: Matthew Hill     2nd May 2007 The fourth-biggest iron ore producer in the world, Kumba Iron Ore (KIO), on Wednesday said that it was in arbitration with steel giant Mittal Steel South Africa, which could cause delays to the expansion programme at its Sishen mine. 

Commodity shipping costs on Panamax vessels may rise on supply

By: Bloomberg     27th April 2007 The cost of transporting coal, iron-ore and other so-called dry-bulk commodities on medium-sized ships, at its highest in more than two years, may rise because fewer larger vessels are available for hire. 

Anglo buys stake in Brazil iron-ore project

By: Liezel Hill     23rd April 2007 Diversified miner Anglo American plc will buy 49% of Brazilian iron-ore developer MMX Minas-Rio for $1,15-billion, the company said on Monday. 

Kumba takes legal action against Senegal govt

By: Mariaan Webb     18th April 2007 South African miner Kumba Iron Ore has started legal action against the Senegalese government, following an order to withdraw from the Faleme deposit where it was exploring for iron-ore, the company said on Wednesday. 

Platinum nudging Anglo ahead of BHP and Rio, Trahar says on last day at Anglo office

By: Martin Creamer     16th April 2007 Platinum had come to the fore to nudge Anglo American plc ahead of its diversified mining rivals BHP Billiton and Rio Tinto, outgoing Anglo American plc CEO said on his last day at the Anglo office. Trahar told Mining Weekly Online in an exclusive telephone interview from London that Anglo had... 

Oz miner granted SA iron-ore prospecting rights

12th April 2007 Australian-miner Aquila Resources has been granted seven prospecting rights to develop iron-ore projects in South Africa, the company said on Thursday. 

Harmony, DRDGold keep civil options open following Mittal ruling

By: Terence Creamer     28th March 2007 Lawyers representing gold-miners Harmony and DRDGold have advised the companies to keep their legal options open with regard to the possible filing of civil claims for damages, following the precedent-setting ruling by the Competition Tribunal on Tuesday confirming that Mittal Steel South Africa... 

Kumba stops drilling at disputed Senegal deposit

By: Mariaan Webb     19th March 2007 South African miner Kumba Iron Ore has stopped drilling at the Faleme deposit, in Senegal, where a rights dispute between the company, the Senegalese government and Arcelor Mittal is continuing. 

New JSE-listed companies reveal growing appetite for local mining investment

By: Jade Davenport     15th December 2006 The listing of nine mining-focused companies on the JSE this year is evidencethat the local bourse�s businessdevelopment initiative to attract companies to list in South Africa is yielding significant results. Traditionally, the Toronto Stock Exchange (TSX), Australian Stock Exchange and London�s... 

Smart technology boosts ferrochrome production

By: Clement Deane     8th December 2006 South African ferrochrome producer Xstrata is using Premus technology at its Lion ferrochrome plant in Steelpoort to boost ferrochrome production. “Premus technology is the most sophisticated and competitive ferrochrome production process in existence,” says ferrochrome producer... 

Local smelting specialist scoops R140m contract

By: Clement Deane     8th December 2006 Just over a year ago, Pyromet was awarded a R140-million project to design, construct and commission two 63 MVA closed-type furnaces for Xstrata’s Lion ferrochrome smelter in the Steelpoort area. 

Integrated automation system supplied

By: Clement Deane     8th December 2006 Electrical engineering supplier Siemens was commissioned to supply ferrochrome producer Xstrata with a total integrated automation (TIA) solution at its Lion ferrochrome plant in Steelpoort. 

Construction of R30m metal-recovery plant under way in Mpumalanga

By: Jade Davenport     1st December 2006 Construction of a R30-million metal-recovery plant has officially started at local ferrochrome producer ASA Metals’ Dilokong chrome mine, in Mpumulanga. 

Sanje Hill iron-ore project

13th October 2006 Universal Mining & Chemical Industries (UMCIL) is investing in a 200 000 t/y integrated iron and steel works at Kafue. The project is to be implemented on a backward integration in phases starting first with a steel mill to process iron and steel scraps into various rolled products to include... 

Khumani mine

29th September 2006 The project will involve the development of a greenfields 8,4-million-ton-a-year iron-ore export mine on the Bruce, King, and Mokaning farms in the Northern Cape. A second-phase expansion to 16-million tons is already being considered. 

Khumani mine

22nd September 2006 The project will involve the development of a greenfields 8,4-million-ton-a-year iron-ore export mine on the Bruce, King, and Mokaning farms in the Northern Cape. A second-phase expansion to 16-million tons is already being considered. 

Kiruna iron-ore mine modernisation

22nd September 2006 The orebody in Kiruna is about four kilometers long and has an estimated depth of two kilometers. To date, about one-billion tons of the ore base has been mined. A mine must be sunk at regular intervals to enable the mining operation to continue. 

Sishen Expansion Project

15th September 2006 The project will entail the expansion of iron-ore production at the Sishen mine, which will start in 2006 with an additional three-million tons and ramp up to complete a ten-million-ton addition to the mine's output in 2008. 

Kumba says BEE, split to be finalised by end September

By: Mariaan Webb     6th September 2006 Diversified-miner Kumba Resources said that it would finalise its R16-billion black economic-empowerment (BEE) deal, which would see the company split into two entities, Exxaro and Kumba Iron Ore, by month-end. 

SA industry will hit wall if chromite-ore exports persist

By: Laura Tyrer     18th August 2006 South Africa’s ferrochromium industry can anticipate a bleak future if chromite-ore exports to China persist, cautions Mintek CEO Dr Paul Jourdan. 

Buffelsfontein ferrochrome-mine and smelting plant

11th August 2006 The Buffelsfontein operation will be the first chromium operation in South Africa that has a processing plant adjacent to the mine, and is expected to be one of the lowest-cost producers of ferrochrome in the world. 

Merafe plans to move into Chinese ferrochrome market by end of year

By: Jade Davenport     11th August 2006 South African ferrochrome producer Merafe Resources is confident that it will be able to make supply inroads into the rapidly expanding Chinese market by the end of this year. 

Lion ferrochrome project

4th August 2006 The project comprises the construction of furnaces to produce a million tons a year of lower-silicon ferrochrome. The smelter will eventually be expanded into a million-tons-a-year complex by the implementation of phases two and three. 

Karara iron-ore project

28th July 2006 The Karara project tenements cover approximately 150 km2 of highly prospective banded iron formation and includes the four-kilometre-long Karara magnetite deposit and surrounding high-grade hematite ore deposits. 

JSE-listed chrome producer strengthes alliance with giant

By: Laura Tyrer     21st July 2006 JSE-listed Merafe Resources saw its participation in the Xstrata-Merafe Chrome Venture increase from 17,5% to 20,5% as of July 1, this year. 

Khumani mine

21st July 2006 The project will involve the development of a greenfields 8,4-million-ton-a-year iron-ore export mine on the Bruce, King, and Mokaning farms in the Northern Cape. A second-phase expansion to 16-million tons is already being considered. 

Sishen expansion project

14th July 2006 The project will entail the expansion of iron-ore production at the Sishen mine, which will start in 2006 with an additional three-million tons and ramp up to complete a ten-million-ton addition to the mine's output in 2008. 

BHP Billiton sees continued strong demand for iron-ore, manganese and metallurgical coal

By: Helene Le Roux     14th July 2006 The world’s largest diversified mining company BHP Billiton believes that the strong demand for carbon-steel materials will continue, mainly based on the growing Chinese economy. 

Full steam ahead for Northern Cape iron-ore expansion

By: Matthew Hill     23rd June 2006 While Kumba Resource’s Sishen Expansion project (SEP) has recently passed the 30% completion mark, current production at Sishen is being maximised to try to meet the market’s demands. “The market is putting pressure on Kumba and other local iron-ore producers to increase... 

Local drum reclaimers for iron-ore expansion

23rd June 2006 Boasting one of the largest facilities of its type in the world, DCD-Dorbyl Heavy Engineering Vereeniging has been commissioned by Krupp Materials Handling to manufacture the two TAS 40 drum reclaimers for the Sishen Expansion Project.?The company has a successful record of accomplishment in... 

Firm clinches contract for South Africa’s largest apron feeder

23rd June 2006 Vereeniging-based Metso Minerals has been awarded its largest single value orders for apron feeders world wide. ?The company is currently manufacturing an apron feeder for the primary gyratory crusher discharge as well as a further four units for the stockpile reclaim for the Sishen Expansion... 

Sishen thickeners on site by year-end

By: Matthew Hill     23rd June 2006 Johannesburg-based GL&V South Africa has been awarded a contract to supply two thickeners to treat fine residue from the jig plant at the Sishen Expansion Project (SEP) at Sishen iron-ore mine in the Northern Cape. 

Local firm to supply 18 jigs to Sep

23rd June 2006 Johannesburg-based Allmineral, South Africa subsidiary of the Duisburg Concern, has been contracted by Kumba Resources to supply 18 alljigs to its Sishen mine in the Northern Cape. 

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